The following stocks were detected to be trading among the most active on December 8: Bank of America Corporation, AMR Corporation, SPDR S&P 500, Clearwire Corporation, and Financial Select Sector SPDR. These stocks are highly traded usually because new relevant information on the company has become available. Being on the highly active list isn't always positive as high activity may be a result of negative news. Regardless, high activity means high liquidity. High volume, combined with price movement is what traders require to make profits.
Shares of Bank of America Corporation (BAC) fell by 2.38% or $-0.14/share to $5.75. In the past year, the shares have traded as low as $5.02 and as high as $15.24. On average, 271016960 shares of BAC exchange hands on a given day and today's volume is recorded at 104419120. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $6.11 area but be careful because the stock may face selling pressure at this level.
Shares of AMR Corporation (AMR) fell by 19.73% or $-0.22/share to $0.9. In the past year, the shares have traded as low as $0.20 and as high as $8.90. On average, 25476180 shares of AMR exchange hands on a given day and today's volume is recorded at 84656880. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $2.15 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 1.25% or $-1.58/share to $125.15. In the past year, the shares have traded as low as $107.43 and as high as $135.80. On average, 264585590 shares of SPY exchange hands on a given day and today's volume is recorded at 79482072. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $125.83 represents resistance and the 50-day moving average of $121.86 would be an area of support.
Shares of Clearwire Corporation (CLWR) fell by 5.48% or $-0.12/share to $2.15. In the past year, the shares have traded as low as $1.24 and as high as $6.26. On average, 9351650 shares of CLWR exchange hands on a given day and today's volume is recorded at 72981448. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $3.45 represents resistance and the 50-day moving average of $1.82 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) fell by 2.51% or $-0.33/share to $13.01. In the past year, the shares have traded as low as $10.95 and as high as $17.04. On average, 114577650 shares of XLF exchange hands on a given day and today's volume is recorded at 30986948. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $14.33 represents resistance and the 50-day moving average of $12.71 would be an area of support.
